Get notifications in real-time for staying up to date with content that matters to you.
The prospect of further RBA rate cuts has increased off the back of the federal government’s ballooning deficit and its limited ability to implement additional fiscal actions.
“... [monetary policy] will need to be seen to be responding when the unemployment tracks from 5.5 per cent to 8.25 per cent over the course of the next 12 months,” he said yesterday.
Westpac expects the RBA to hold steady when it meets next month but resume its easing policy in August and reduce the cash rate to 2 per cent by the end of the year.
Who do you aggregate through?
Thank you for your vote, you can see the results here.
ANZ extends business loan terms
The major bank has announced that it will extend the maximum loan...
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in busine...
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
